📆 June 11, 2025 | ⏱ 2H Chart Analysis
Silver (XAGUSD) has been respecting its bullish momentum since early June, with a clean breakout above the previous wedge consolidation pattern (visible late May). But now, the market is at a critical decision point.
🔍 Key Observations:
Price is testing the 36.50–36.60 zone, which aligns with the 15 EMA and horizontal resistance turned support.
We’ve seen exhaustion signs at recent highs (~36.88), followed by lower highs — possibly forming a micro-descending channel.
Price currently hovers between two key levels:
🔺 Upside target: If bulls defend 36.50, next resistance sits around 38.00, matching the long-term upper channel.
🔻 Downside risk: If support breaks and price falls below 35.90/35.70, we may see a sharp move toward 35.00, where the larger structure would be retested.
📈 Momentum Outlook:
EMA(15) > EMA(60) still shows medium-term bullish structure.
⚖️ Trade Idea (Not Financial Advice)
🟢 Bullish Bias if 36.50 holds with confirmation → Target: 38.00
🔴 Bearish Trigger if 35.90 breaks → Target: 35.00
🎯 Risk Management Key: Wait for price action around the decision zone.
💬 What’s your bias? Do you see a continuation or pullback?
📌 Follow for more XAGUSD, Forex & Commodity insights — 2–3 fresh charts weekly.
#XAGUSD #Silver #Forex #TechnicalAnalysis #TradingSetup #Metals #EMA #BreakoutOrFakeout #PriceAction #tradingview
Silver (XAGUSD) has been respecting its bullish momentum since early June, with a clean breakout above the previous wedge consolidation pattern (visible late May). But now, the market is at a critical decision point.
🔍 Key Observations:
Price is testing the 36.50–36.60 zone, which aligns with the 15 EMA and horizontal resistance turned support.
We’ve seen exhaustion signs at recent highs (~36.88), followed by lower highs — possibly forming a micro-descending channel.
Price currently hovers between two key levels:
🔺 Upside target: If bulls defend 36.50, next resistance sits around 38.00, matching the long-term upper channel.
🔻 Downside risk: If support breaks and price falls below 35.90/35.70, we may see a sharp move toward 35.00, where the larger structure would be retested.
📈 Momentum Outlook:
EMA(15) > EMA(60) still shows medium-term bullish structure.
⚖️ Trade Idea (Not Financial Advice)
🟢 Bullish Bias if 36.50 holds with confirmation → Target: 38.00
🔴 Bearish Trigger if 35.90 breaks → Target: 35.00
🎯 Risk Management Key: Wait for price action around the decision zone.
💬 What’s your bias? Do you see a continuation or pullback?
📌 Follow for more XAGUSD, Forex & Commodity insights — 2–3 fresh charts weekly.
#XAGUSD #Silver #Forex #TechnicalAnalysis #TradingSetup #Metals #EMA #BreakoutOrFakeout #PriceAction #tradingview
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.